TeraSteel, part of the TeraPlast Group, one of the leading manufacturers of thermal insulated panels and turnkey warehouses in Romania, announced on Wednesday that it had double-digit growth in all product categories in 2018.

The company last year saw an increase of 53.7% in exports, amid the expansion to the Serbian market. In addition, the sales volume of sandwich panels increased by over 54% compared to 2017, galvanized profiles by 25% and the turnkey solutions in the form of industrial halls, logistic spaces or warehouses with over 15%, in value.

“Increased production capacity, product portfolio enrichment and expansion in the Serbian market have made a decisive contribution to the company’s favorable year-to-year development as proof – the results of 2018,” said TeraSteel’s general manager, Cosmin Patroiu.

In 2018, the sandwich panel market was heavily influenced by the dynamics in the civil and industrial construction sector, with the company relying on an increase in this segment for the next period.

“For Romania, we expect an increase of 3-5% in the panel market, while the growth rate for Serbia is estimated at 10%. Through our presence in Serbia we have consolidated our position in the markets of the region and in 2019 we intend to continue this expansion of the distribution network,” said Cosmin Patroiu.